Government provides funding to help companies develop natural products
Network to boost the development and commercialization of natural products and technologies in Canada
August 24, 2021 By Ground Water Canada
Charlottetown – The Canadian government recently announced an investment of $20 million in a $41.8-million initiative led by Natural Products Canada to support current and future innovation in natural products, create jobs and help protect the environment.
Natural Products Canada (NPC), a Charlottetown-based not-for-profit organization established in 2015, will lead efforts to connect innovators and organizations from across various sectors to speed up innovation and the commercialization of products impacting human, animal and plant well-being, increase knowledge transfer, and gain access to international value chains.
NPC will invest in research and development and the commercialization of natural products in the following five areas:
- Water and waste management, including water-quality monitoring and remediation of contaminated sites. This could include, for example, microbe-based monitoring and treatment solutions for wastewater.
- Agriculture, including biopesticides and indoor growing technologies. This could include, for example, natural biopesticides that leverage micro-organisms for the reduction of codling moth on apple, pear and plum trees.
- Animal health and nutrition, including natural veterinary products and feed ingredients. This could include, for example, animal care products to protect livestock against bacteria, viruses and parasites.
- Bioproducts and sustainability, including bioplastics and compostable materials. This could include, for example, fully biodegradable products like shampoo made from plants or utensils and plates made from the fibres of hemp or flax.
- Human health and nutrition, including natural supplements and ingredients such as food preservatives extracted from mushrooms.
The funding is expected to help the network of organizations expand, accelerate the growth of more than 500 companies, enable $28 million in programs to accelerate R&D and the commercialization of innovative natural products and technologies, and generate $200 million in new investments for Canada’s natural products industry.
The project is aligned with the Economic Strategy Tables, the Protein Industries Supercluster, the Ocean Supercluster and other initiatives supported by the federal government.
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